The CFDA Fashion Awards: The 'Oscars of fashion'

Updated 3:44 PM ET, Tue June 4, 2013

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

The Council of Fashion Designers of America gets together each year for "the Oscars of fashion," the CFDA Fashion Awards. From left to right, actress Hailee Steinfeld joins SUNO designers Max Osterweis and Erin Beatty and actor Douglas Booth on the red carpet in New York on June 3. Osterweis and Beatty received the Swarovski Womenswear Designer of the Year, which recognizes emerging talent.

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

Former Secretary of State Hillary Rodham Clinton takes the podium to introduce Oscar de la Renta, winner of this year's Founder's Award. Rumor has it they both snuck out early to attend Henry Kissinger's 90th birthday party.

Designer Diane von Furstenberg, originator of the iconic wrap dress, arrives on the red carpet. She won the CFDA Lifetime Achievement Award in 2005 and was elected the CFDA's president one year later, a post she still hold.

Thom Browne says he draws inspiration from Steve McQueen in the "Thomas Crown Affair," John F. Kennedy as the junior senator from Massachusetts, Sears catalogs. He won the Menswear Designer of the Year for a second time, having earned the distinction in 2006.

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

Jewelry designer Pamela Love was nominated for the Swarovski Award recognizing emerging talent for Accessory Design in 2011 and 2012. It turns out that the third time's a charm as Love took home the award this year.

Designer Betsey Johnson, left, and her collaborator daughter Lulu celebrate their colorful, vampy style on the red carpet. Betsey's confectionary tulle dress was paired with flip-flops and a blue pedicure.

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

Vogue editor Anna Wintour tops a blue dress with a classic Chanel-silhouette jacket, just as Oscar de la Renta predicted she would to Women's Wear Daily.

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

Proenza Schouler designers Jack McCollough, left, and Lazaro Hernandez took home the CFDA Womenswear Designer of the Year for the third time, having won the honor in 2007 and 2011.

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Photos:CFDA Fashion Awards: The 'Oscars of fashion'

Zachary Quinto, left, the actor who has taken on the mantle of iconic sci-fi character Spock (next seen in "Star Trek Into Darkness") wears a suit by menswear designer Todd Snyder, who lost the emerging designer award to Dao-Yi Chow and Maxwell Osborne of Public School.